Colombo over heated stocks fell in all most all the sectors. Chances are high to continue the downward trend with rising political tensions. Other thing is when the market drops margin traders come under forced selling to cover their margin limits.
ASI slipped 49.50 points (-1.31%) & closed at 3724.84 while MPI lost 72.27 points (-1.67%) to close at 4263.53. Total equity turnover was amounted to 1.41 billion rupees. Out of total traded stocks 133 companies lost their value while only 26 managed to close higher.
Blue Chip John Keells Holdings Plc was down by 3.50 to end the day at Rs 163.75 while forestry company Touchwood investment Plc dipped 16.25 to close at Rs 131.25. Lanka Orix Leasing Co. Plc lost five rupees to close at Rs 174.25. Ceylon Tobacco Company closed nine rupees lower at Rs 250.00.
Ceylon Grain Elevators closed one rupee higher at Rs 17.00 & over 1.4 million shares traded during the day. Lanka Milk Food Plc a Company controlled by business tycoon Mr Harry Jayawardana closed at Rs 72.25, up 2.25.
After long period of time foreigners became net buyers with Rs 180.8 million purchases & Rs 133.3 million in sales.
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